Rivian Stock Gains as Georgia Plant Gets Conditional Funding

Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. The Barchart Technical Opinion rating is a 24% Sell with a Weakest short term outlook on maintaining the current direction. Rivian Automotive (RIVN) shares soared Wednesday, a day after the electric vehicle manufacturer expanded its partnership with Volkswagen in a move aimed at helping both firms find ways to grab more of… Rivian stock price jumped sharply on Wednesday after the company unveiled details of its $5.8 billion joint venture with Volkswagen. It jumped to $12, up by 25.6% from its lowest level this month, val… Rivian Automotive RIVN has announced more stops on its R2 Road Tour to bring the R2, R3 and Gen 2 R1S and R1T vehicles to the public for test drives and demonstrations ahead of R2 production starting …

Top institutional investors of Rivian Automotive include Baillie Gifford & Co. (4.99%), Geode Capital Management LLC (1.29%), Wolverine Asset Management LLC and Jane Street Group LLC. Insiders that own company stock include Motor Co Ford, Robert J Scaringe, Kjell Gruner, Claire Mcdonough, Jay T Flatley, Jeff Baker and Jiten Behl. Rivian Automotive (RIVN) raised $9.1 billion in an IPO on Wednesday, November 10th 2021. The company issued 153,000,000 shares at a price of $57.00-$62.00 per share.

Consensus Rating

Among the choices is the “Drift” mode which proactively distributes power to offset traction control and increase the “fun” factor. The vehicle comes with a 240 to 400-mile range depending on the battery and motor combination and individual driving styles. In regard to its capabilities, the truck can successfully outsource software development go from 0 to 60 in 3 seconds, tow up to 11,000 pounds, and wade through 3 feet of water with no problems.

RIVN Competitors

Quite unexpectedly, 2024 has not been a good year for electric vehicle makers thus far — at least for most of them. An unfavorable macro environment and stubborn supply chain issues, coupled with slowing demand have come together to form a market where just a couple of carmakers can win — while others are resigned to seemingly endless struggles. The company designs, develops, manufactures, and sells electric adventure vehicles and accessories through direct sales to consumers and commercial markets. The company vehicles are designed for sustainability and long lifespans across all components with repairability and reusability key to the end result.

• Rivian must “satisfy certain technical, legal, environmental, and financial conditions” before the loan is approved and funded, the regulatory agency added.
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• It jumped to $12, up by 25.6% from its lowest level this month, val…
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Rivian must “satisfy certain technical, legal, environmental, and financial conditions” before the loan is approved and funded, the regulatory agency added. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Investors who envision the additional capacity leading to positive free cash flow for the company are buying the stock ahead of those business results. That’s an aggressive position to take, but one that could pay off in the end. Investors should just realize the many risks that still remain, and allocate any position accordingly.

About Rivian Automotive Stock (NASDAQ:RIVN)

A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. According to S&P Global Market Intelligence, the average analyst target price for RIVN stock is $14.96, representing implied upside of more than 28% to current levels. Please bear with us as we address this and restore your Best semiconductor stocks personalized lists. However, that second fact isn’t quite enough to quiet bearish speculation — a 10b5-1 plan can include ‘trigger prices’ — allowing insiders to execute sales once favorable conditions are met. Scaringe still holds 863,361 Rivian shares directly, as well as 2,632,766 in a trust. The CEO’s transaction encompassed 83,334 Rivian shares, sold at an average price of $11.25 per unit — worth a total of approximately $937,507.

About Rivian Automotive

The R1S review the kelly capital growth investment criterion also boasts the ability to rock crawl up a 100% incline or 45-degree slope. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Rivian’s Georgia plant, set to open in 2028, will produce its upcoming R2 SUVs and R3 crossovers. The company’s shares have started the week on a tear, despite the expectation that Donald Trump will eliminate EV tax credits. Rivian said it will use a $6.6 billion government loan to “aggressively” scale manufacturing of its R2, which is coming in 2026. Discover which analysts rank highest on predicting the directional movement of RIVN.

Sign-up to receive the latest news and ratings for Rivian Automotive and its competitors with MarketBeat’s FREE daily newsletter. Rivian is also building the Rivian Adventure Network, a series of charging stations along popular routes and out-of-the-way destinations. The charging stations can add up to 120 miles of range to a battery pack in just 20 minutes. The company is planning to launch at least 2500 stations nationwide. The R1T comes with 8 different drive modes geared for offroading, city adventures, and everything in between.

Select to analyze similar companies using key performance metrics; select up to 4 stocks. This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC). Musk has been a fierce critic of President Joe Biden and the Democrats — particularly over issues such as government regulation of business, taxation, coronavirus lockdown measures and hot-button culture war controversies including transgender care and free speech. Vivek Ramaswamy, the former Republican presidential candidate who has been named by Trump as co-head alongside Musk of an advisory counsel dubbed the “Department of Government Efficiency,” slammed the Biden administration for the move on Tuesday.